After last week session of Indian stock market, the beginning of a new week heavily affected by negative global cues weighed large on our market. Poor US jobs report and rising crisis in Hungary pulled Indian Stock Market down. There was a negative trend across Asia and Europe is trading with big cuts. Sensex closed at 16781(-1.97%), down 336 points and Nifty at 5034(-1.98%), down 101 points from the previous close. However, the benchmarks didn’t breach important psychological support levels giving some respite to the bulls. CNX Midcap index was down 1.3% and BSE Smallcap index was down 1.5%. The market overall breadth was negative with advances at 258 against declines of 1031 on the NSE. Top gainers were RCom, Ambuja Cements and ACC while losers included DLF, Tata Steel and Hindalco.
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